XRP Prediction: Bearish Setup Strengthens As Downside Risks Intensify

The post American Bitcoin’s $5B Nasdaq Debut Puts Trump-Backed Miner in Crypto Spotlight appeared on BitcoinEthereumNews.com. Key Takeaways: American Bitcoin (ABTC) surged nearly 85% on its Nasdaq debut, briefly reaching a $5B valuation. The Trump family, alongside Hut 8 Mining, controls 98% of the newly merged crypto-mining entity. Eric Trump called Bitcoin “modern-day gold,” predicting it could reach $1 million per coin. American Bitcoin, a fast-rising crypto mining firm with strong political and institutional backing, has officially entered Wall Street. After merging with Gryphon Digital Mining, the company made its Nasdaq debut under the ticker ABTC, instantly drawing global attention to both its stock performance and its bold vision for Bitcoin’s future. Read More: Trump-Backed Crypto Firm Eyes Asia for Bold Bitcoin Expansion Nasdaq Debut: An Explosive First Day ABTC’s first day of trading proved as dramatic as expected. Shares surged almost 85% at the open, touching a peak of $14 before settling at lower levels by the close. That initial spike valued the company around $5 billion, positioning it as one of 2025’s most-watched listings. At the last session, ABTC has been trading at $7.28 per share, which is a small positive 2.97% per day. Although the price has decelerated since opening highs, analysts note that the company has been off to a strong start and early investor activity is a hard-to-find feat in a newly-launched crypto mining business. According to market watchers, the listing comes at a time of new momentum in the digital asset markets. With Bitcoin trading above $110,000 this quarter, American Bitcoin’s entry comes at a time when both institutional investors and retail traders are showing heightened interest in exposure to Bitcoin-linked equities. Ownership Structure: Trump Family and Hut 8 at the Helm Its management and ownership set up has increased the visibility of the company. The Trump family and the Canadian mining giant Hut 8 Mining jointly own 98 percent…

MYX Finance price went parabolic again as the recent short-squeeze resumed. However, the formation of a double-top pattern and the funding rate point to an eventual crash in the coming days. MYX Finance (MYX) came in the spotlight earlier this…

Popular non-custodial wallet provider MetaMask has revealed the launch of a dedicated perpetual futures (perps) section within its ecosystem. The latest debut was made possible through a collaboration with the leading decentralized perpetual exchange, Hyperliquid. The wallet provider added that its airdrop, dubbed “MetaMask Rewards,” will commence by the end of the month. MetaMask Explores Crypto Perps MetaMask’s decision to launch an in-app perpetual trading experience is part of its effort to bring streamlined, decentralized access to the crypto perpetual market. MetaMask explained that its mobile app will introduce enhanced speed, reduced latency, zero swap fees, and “one-click funding from any EVM chain.” However, the new feature will be available in limited regions. For most of this year, decentralized exchanges offering crypto perps have captured significant attention in the industry. After Hyperliquid’s massive growth since late last year, other projects have joined the bandwagon. For example, BNB Chain-based Aster recently overtook Hyperliquid by various metrics. According to DefiLlama, the crypto perps market currently holds a 24-hour traded volume of over $40.7 billion. However, this figure does not include Aster as the analytics platform recently delisted it. Aside from MetaMask, other platforms, such as Infinex, have also embraced crypto perps into their ecosystems. MetaMask’s Incoming Airdrop MetaMask’s latest move to explore the crypto perps market is one of the various ways it is bringing utility to its users. Earlier this week, MetaMask revealed plans to debut a $30 million rewards program tied to an upcoming native cryptocurrency. The airdrop program is open to users in limited countries. To participate, users must swap tokens, trade perps on the digital wallet, refer others, and trade the mUSD stablecoin to earn points. According to the announcement, these add a social layer to the program. Later on, points will be claimable by spending with the MetaMask Card. The wallet provider added in its announcement that it would delve into the predictions market by partnering with Polymarket. This way, MetaMask users can trade in various markets, including sports, politics, and cryptocurrency. According to MetaMask’s global product lead, Gal Eldar, these new products add up to “create the reasons users will never want to leave” the non-custodial wallet. The post MetaMask Taps Hyperliquid as Airdrop Plan Heats Up appeared first on CoinTab News.